Brokers expect Paycom Software, Inc. (NYSE: PAYC) to report quarterly sales of $343.26 million

Wall Street analysts expect Paycom Software, Inc. (NYSE: PAYC – Get a rating) will post sales of $343.26 million for the current fiscal quarter, Zacks reports. Eight analysts provided earnings estimates for Paycom Software. The highest sales estimate is $344.00 million and the lowest is $342.93 million. Paycom Software reported sales of $272.20 million in the same quarter last year, indicating a positive year-over-year growth rate of 26.1%. The company is expected to announce its next quarterly earnings report on Tuesday, May 3.

According to Zacks, analysts expect Paycom Software to report annual sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.31 billion to $1.32 billion. For next year, analysts expect the company to record sales of $1.62 billion, with estimates ranging from $1.61 billion to $1.63 billion. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Paycom Software.

Paycom software (NYSE: PAYC – Get a rating) last released its quarterly earnings data on Tuesday, February 8. The software maker reported earnings per share of $1.11 for the quarter, beating consensus analyst estimates of $1.08 by $0.03. Paycom Software achieved a net margin of 17.31% and a return on equity of 22.57%. The company posted revenue of $284.99 million for the quarter, versus analyst estimates of $275.84 million. During the same period last year, the company earned earnings per share of $0.41. The company’s quarterly revenue increased 29.0% compared to the same quarter last year.

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PAYC has been the subject of a number of recent research reports. Barclays lowered its price target on Paycom Software shares from $392.00 to $380.00 and set an “equal weight” rating on the stock in a Thursday, January 20 research note. Zacks Investment Research downgraded Paycom Software shares from a “hold” rating to a “sell” rating and set a target price of $360.00 for the company. in a report on Friday, January 14. Mizuho raised its price target on Paycom Software shares from $325.00 to $350.00 and gave the company a “neutral” rating in a Wednesday, Feb. 9 report. Wolfe Research raised its price target on Paycom Software shares from $450.00 to $550.00 and gave the company an “outperform” rating in a Wednesday, Nov. 3, report. Finally, BMO Capital Markets assumed coverage for Paycom Software shares in a report on Tuesday, February 1. They set a “market performance” rating and a price target of $335.00 for the company. One financial analyst has assigned the stock a sell rating, four have issued a hold rating and nine have assigned the stock a buy rating. According to, Paycom Software currently has a consensus rating of “Buy” and an average price target of $433.21.

Institutional investors and hedge funds have recently been buying and selling shares of the company. JNBA Financial Advisors bought a new position in Paycom Software stock in the third quarter worth about $26,000. West Oak Capital LLC bought a new position in Paycom Software stock in the third quarter worth about $27,000. Allworth Financial LP increased its position in Paycom Software shares by 59.0% in the third quarter. Allworth Financial LP now owns 62 shares of the software maker valued at $31,000 after acquiring 23 additional shares during the period. Destiny Wealth Partners LLC bought a new position in Paycom Software stock in the third quarter worth approximately $33,000. Finally, First Quadrant LP CA bought a new position in Paycom Software stock in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.78% of the company’s shares.

Paycom Software stock opened at $335.64 on Friday. Paycom Software has a 1 year minimum of $296.68 and a 1 year maximum of $558.97. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 113.78, a growth price-to-earnings ratio of 3.05, and a beta of 1.45. The company’s fifty-day moving average price is $353.54 and its two-hundred-day moving average price is $437.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt ratio of 0.03.

About Paycom Software (Get a rating)

Paycom Software, Inc provides comprehensive cloud-based human capital management (HCM) software solutions delivered as software as a service. It provides features and data analytics businesses need to manage the full employment lifecycle, from recruitment to retirement. Its solutions require virtually no customization and are based on a central system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management. , payroll, talent management and human resource management applications.

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Revenue history and estimates for Paycom software (NYSE: PAYC)

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